Fortune 500 in 2020: China car companies won the number and lost the ranking.

Editors Hao and He Qi

"Affected by this year's epidemic, domestic car companies may perform worse in the list next year." Cao He, secretary general of the Automobile Chamber of Commerce of the All-China Federation of Industry and Commerce, expressed concern after seeing this year's wealth list.

On August 10, 2020, Fortune released the latest list of the world's top 500 enterprises.

As one of the most authoritative and concerned companies in the world, the Fortune Global 500 list has always been based on the operating income and profits of enterprises. According to statistics, in 2020, the total operating income of the short-listed enterprises reached 33.3 trillion US dollars, and the total profit was 2. 1 trillion US dollars, a record high.

Automobile listed companies play an important role in the automobile industry.

In 2020, there are 37 auto companies in the world, accounting for 7.4% of the total.

Among them, there are 24 traditional automobile manufacturing enterprises, auto parts enterprises 1 1, and 2 automobile sales and finance enterprises, namely Jardine Matheson Group of China and Hongkong and United Service Automobile Association of America. Although these two companies are not auto companies in the full sense, their auto business accounts for a large proportion of the company's overall business.

Automobile manufacturing enterprises are still the main force of industry profits.

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Global car companies staged "Long Hudou"

Volkswagen, Toyota and Daimler ranked in the top three.

Among them, Volkswagen won the championship with a huge revenue of 282.76 billion US dollars, ranking seventh in the world. Toyota's profits exceeded the sum of Volkswagen and Daimler, reaching 19 1 billion, while Volkswagen and Daimler were155.4 billion and 2.66 billion respectively. In addition, although Daimler ranks in the top three, its profits have fallen sharply due to the impact of diesel vehicle emission litigation and airbag recall.

According to the country distribution of listed companies in the automobile field, Japanese companies ranked first with 10, China ranked second with 8 companies, Germany ranked third with 7 companies, the United States, South Korea and France all had 3 companies on the list, and Canada, India and Sweden each had 1 company.

China's car companies beat the United States and Germany in number, but they didn't get rid of the label of "big but not strong".

Among the top ten countries, China has only one "only child" from SAIC. There are three in Germany and Japan, two in America and only one in Korea. This also shows that although there are many automobile enterprises in China, there are few head enterprises.

From the distribution of total revenue, Japan, Germany and the United States are the top three, and Japan ranks first in both the number of enterprises and the proportion of revenue, and Japan's automobile industry is in a leading position in the world. Although China ranks fourth, compared with other countries, listed companies account for a small proportion of the total income.

The total revenue of 37 auto companies is 2.9 trillion US dollars, accounting for 8.7% of the total revenue, but the total profit only accounts for 4.3%. Among them, there are 1 4 enterprises with profits below1100 million dollars, accounting for 37.8%; Five companies, including Nissan, Renault, Continental, ThyssenKrupp and India's Tata Motors, suffered losses.

Among the top ten automobile companies, Nissan is the only one with a loss of $665,438+$700 million. Yiou Automobile believes that frequent high-level changes, the collapse of the "Big Three" system, massive layoffs and business restructuring have affected Nissan's performance, which in turn has affected the company's profitability. ?

Although China ranks second, it lags far behind Japan, Germany and the United States in terms of the number of head enterprises and the overall revenue of enterprises.

In the view of Yiou Automobile, the revenue is affected by the efficiency, quality and technology development ability of the enterprise to a certain extent. If China automobile enterprises want to become the vanguard of the real world automobile, they need to further increase investment in hard-core technology, improve brand and product quality, and improve revenue scale and profit level. ?

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China Motor Company lost its ranking.

Through the list, we can intuitively see the economic development strength of each country.

In 2020, the number of listed enterprises in China reached a record high, reaching 133. Among them, the number of companies in Chinese mainland and Hongkong (excluding Taiwan Province Province) is 124, surpassing the United States for the first time. China, the United States and Japan are the three countries with the largest number of enterprises on the list.

In 2020, the total number of listed companies in China will increase by 4 compared with last year. Since 2003, the number of listed companies in China has continuously increased by 65,438+07. Since 2008, it has surpassed Germany, France, Britain and Japan, and surpassed the United States in 2065, with 438+09, becoming the country with the largest number of listed companies in the world.

In the field of automobiles, compared with last year, the rankings of the eight China enterprises on the list all declined to varying degrees. SAIC Motor, FAW Group and Dongfeng Motor entered the top 100 in the world, with FAW Group having the smallest decline and Bingzhuang Group (parent company of Changan Automobile) having the largest decline.

Revenue and profits are also not optimistic.

Among them, the revenues of FAW Group and BAIC Group decreased slightly, both below 65,438+0%, while the revenues of SAIC Group and Bingzhuang Group decreased by more than 65,438+00%.

The profits of China car companies are also polarized, with the profits of SAIC, FAW and Jardine Matheson ranking in the top three. Among them, except FAW Group, Jardine Matheson Group and Bingzhuang Group, the profits of other enterprises all decreased year-on-year. SAIC and BAIC decreased by nearly 50%, while GAC and Geely decreased by more than 50%.

Bingzhuang Group, with the largest decline in revenue, became the enterprise with the largest profit increase, reaching 72.86%. However, its 20 18 profit decreased by nearly 60%, and its profit stability was poor.

In terms of profit rate, although China automobile enterprises have no profit loss, except for Jardine Matheson Group, which focuses on sales, the profit rate of China automobile enterprises is generally low. The profit margin of Volkswagen Group ranked first in the world is 5.5%, and that of Toyota ranked second is 6.9%. Ice Pack Group, which has the highest profit rate in China, has a profit rate less than half that of Toyota. The profit margins of BAIC Group and Guangzhou Automobile Group are even only about 1%.

On the whole, FAW Group's performance in 20 19 was the most outstanding, with the smallest decline in ranking and revenue and profit growth. Under the overall downward trend of the automobile market, the outstanding performance of FAW Group benefited from the strong performance of joint ventures (FAW Volkswagen and FAW Toyota) and independent brands. Among them, the sales volume of FAW Hongqi in 20 19 increased by more than 200% year-on-year, exceeding 654.38+million vehicles, and the sales volume of FAW Pentium in 20 19 exceeded120,000 vehicles, increasing by 33% year-on-year.

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A glimpse of the whole leopard shows that the decline of the global auto market has had a great negative impact on the performance of auto companies. With the further impact of the epidemic, the performance pressure faced by car companies will be even heavier in 2020.

Compared with foreign countries, China's advantages in epidemic prevention have minimized the impact of the epidemic on China automobile enterprises, and the production and operation of enterprises have recovered rapidly, which is the luck of China automobile enterprises.

If China car companies can make use of their advantages, they can further achieve overtaking and enhance their overall strength.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.